Grexel, part of EEX group, has been appointed to establish an electronic Guarantees of Origin (GO) system in Montenegro following an open tendering procedure. In response to market and legislative requirements, and in cooperation with the Energy Community, Montenegro is adopting a national registry developed by Grexel.
Montenegro will now benefit from G-REX, a modern and user-friendly electronic registry for guarantees of origin. Already today G-REX seamlessly facilitates the transfer of GOs within the Energy Community region. Once Montenegro becomes a part of the AIB, their registry will further support exports and imports through the AIB Hub. This streamlined process ensures a smooth and efficient flow of guarantees of origin across the energy landscape.
COTEE shares their enthusiasm about the partnership: “It’s our great pleasure having Grexel as service provider for electronic GO system. We are looking forward to the go-live and to expanding our connection through Energy Community Contracting Parties and AIB HUB in the future.”
Markus Klimscheffskij, CEO of Grexel, comments: “It’s been a great pleasure to work with COTEE on setting up a GO registry for Montenegro. Throughout the implementation project everything has run smoothly and we’re ready for go-live as well as connecting the registry with other energy community countries. “
About Cotee: COTEE is a Montenegrin electricity market operator responsible for organizing and managing the electricity market in Montenegro.
About Grexel: Grexel is the leading energy certificate registry provider in Europe headquartered in Helsinki with an annual transaction volume of over one billion MWhs. The registries are used by over ten thousand active account holders in 18 countries. As part of EEX Group, Grexel also helps its customers to design new certification schemes and cope with changing requirements set by international legislation and standards.
About Energy Community: The Energy Community is an international organization that facilitates collaboration between the European Union and its neighboring nations, with the shared objective of establishing a unified pan-European energy market.
